Investment Proof

Submission Checklist

& Tax-Savings Options

Investment Proof Submission Checklist & Tax-Savings Options

CONTENTS 03 HRA 11 80EE

TABLE OF


04 LTA 12 80EEA
05 Deduction U/S 80C 13 80EEB
07 80D 14 80CCD1B
09 80DD 14 80G
10 80U 15 Sec 24 R.W. 192
10 80E
Investment Proof Submission Checklist & Tax-Savings Options

Exemption criteria Supporting documents required

A rental agreement with copies of Rent Receipts

House Rent Allowance (HRA (monthly/quarterly) for all the months starting
April 2023 or from the month you rented your
Actual HRA received for the year
house, whichever is later - up till March 2024 or
Rent paid – 10% of Basi the last month of renting the house needs to be
submitted. 


40% of Basic or 50% of Basic

(in case of Metro cities*) Note: Owner's PAN is required if the monthly
rent exceeds Rs. 8333/- (i.e. 1,00,000/-
Annum)
Least of above is the HRA exemption for tax
calculation.

Rent receipts should clearly state - the name

and address of the landlord, the address of the
*Metro cities - Delhi, Mumbai, Kolkata, Chennai rented property, the month and amount of rent
paid and respective signatures

Rental agreement and/or rental receipts are

sufficient as the proof of payment of rent.

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Investment Proof Submission Checklist & Tax-Savings Options

Exemption criteria Supporting documents required

Tickets/boarding passes/invoices provided by

LTA Exemptio travel agencies. Annual/earned leave approval
mail/approval transaction. Eligible for: Self,
Leave Travel Allowance (LTA): You can claim an
LTA exemption for a maximum of 2 trips in a spouse and children.
block of 4 calendar years.

The current block started on 01 Jan 2022 and is

up to 31 Dec 2025.

You can claim an LTA exemption for only one trip

in one calendar year.

If you are unable to claim the LTA exemption

twice in one block, you can carry forward one
journey to the next block.

However, the carried forward LTA eligibility has

to be utilized in the first year of the next block
(applicable this year).

The day of the journey should not be a holiday

in your organization.

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Investment Proof Submission Checklist & Tax-Savings Options

SECTION EXEMPTION CRITERIA Supporting documents required

Life Insurance Premium / Copy of the Premium receipt.

Deduction
Pension Plan
u/s 80C Note: Late payment interest fee charged will not
be considered for exemption (Premium & GST will
be eligible).

Contribution to Public Copy of the Premium receipt.

Provident Fund
Note: Late payment interest fee charged will not
be considered for exemption (Premium & GST will
be eligible).

NSC Copy of the certificates purchased during the year

2024-25.

Accrued Interest on NSC Copy of certificates to be enclosed with the ate of

purchase and the amount.

ULIP / LIC Mutual Fund Copy of ULIP statement for all months.

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Investment Proof Submission Checklist & Tax-Savings Options

SECTION EXEMPTION CRITERIA Supporting documents required

Other eligible investments Copy of the Certificate/ Receipt/ Passbook etc.

Deduction

u/s 80C
Children’s education Copy of receipts for Tuition fees and Exam fees
expenditure (excluding Donations & Development fees, Bus,
Text books, Private tuitions or Tutorial fees) paid to
any University/College/School or other educational
institution in India during the current year for a
maximum of 2 children.

In case receipt includes combined amount of

Tuition fees and other expenses, attach details of
breakup.

Post office five year time Copy of Receipt/Certificate.

deposit scheme "PO TDR
1981"

Post office five year time Copy of Receipt/Certificate

deposit scheme "PO TDR
1981"

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Investment Proof Submission Checklist & Tax-Savings Options

SECTION EXEMPTION CRITERIA Supporting documents required

Medical Insurance Premium:

Copy of Premium receipt paid during FY 22-23
80D along with a copy of policy containing the name
Case I: Deduction available up and age of parents (mode of payment should be
to Rs.25,000 on the life of the other than cash)
taxpayer, spouse and
dependent children;
No deductions can be claimed for in-laws.
Case II: Preventive Health
Check-up: A deduction of up
to Rs.5,000/- for preventive
health check-ups of self,
spouse, parent(s) or
dependent children within the
maximum limit of Rs.25,000/-.

Case III: Further, an additional

deduction of up to Rs.25,000
is available on the life
insurance of the taxpayer's
father and/or mother if their
age is less than 60 years.

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Investment Proof Submission Checklist & Tax-Savings Options

Above 60 years of age Max limit of exemption

ASSESSEE + FAMILY PARENTS ASSESSEE + FAMILY Parents TOTAL

No No 25,000 25,000 50,000

No Yes 25,000 50,000 75,000

Points to be noted

For Parents above 60 years - Either Insurance premium or Medical expenditure can be considere
Family includes Spouse & Dependent Children (Max 2
Parents include Father and Mother of the Assessee only (In-laws not covered
Health check-ups of upto 5,000/- can be clubbed in the Total limits mentioned above

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Investment Proof Submission Checklist & Tax-Savings Options

SECTION EXEMPTION CRITERIA Supporting documents required

Expenditure incurred for Proof of expenditure incurred OR a duly signed
80DD Medical Treatment, Training declaration in writing, certifying the actual
etc. for handicapped amount of expenditure incurred AND receipt/
dependents with disability acknowledgment for the amount paid/
Available Deduction deposited into the specified schemes of LIC/
UTI; an
Flat deduction of
Rs.75,000 - For disablity Permanent Physical disability certificate
conditions (more than (FORM 10-IA) from a physician, a surgeon, an
40% oculist or a psychiatrist, as the case may be,
Flat deduction of working in a Govt. hospital. The certificate
Rs.1,25,000 - For severe should contain the employee’s name
handicap Disability
conditions (more than For claiming severe disablility exemption, the
80%).
report should specify the percent of disability.
Scope of Deduction-
Deduction can be claimed for
dependent parents, spouse,
children and siblings. Please
note that Dependent must
not have claimed any
deduction for their disability.

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Investment Proof Submission Checklist & Tax-Savings Options

SECTION EXEMPTION CRITERIA Supporting documents required

Deduction in case of self being totally blind
 Permanent physical disability certificate
80U or physically handicapped or for specified (FORM 10-I) from a physician, a surgeon, an
diseases for self/dependent.
oculist or a psychiatrist, as the case may be,
working in a Govt. or private hospital. The
The available deductions are:
certificate should contain the employee’s
name.
Flat deduction of Rs. 75,000 - For disability
conditions (more than 40%).

Flat deduction of Rs. 1,25,000 - For severe

handicap Disability conditions (more than 80%).

80E Interest on Repayment of Education Loan Letter/Certificate from the Bank/Financial

taken for Higher Education for Self.
institution certifying the following :
The exemption is on the interest on the Said loan should be Education Loan.
Education Loan for higher studies for a period
of 8 years (or the loan closure, whichever is A mount of actual interest paid on loan in
earlier).
the Current Financial Year (Apr’22 –
Mar’23).
Note: The principal amount of the loan is not
permitted for exemption.

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Investment Proof Submission Checklist & Tax-Savings Options

SECTION EXEMPTION CRITERIA Supporting documents required

Interest on Loan taken for Letter / Certificate from the Bank / Financial
80EE purchase of residential Institution certifying the following :
house propert
Amount of actual interest paid on the loan in the
The loan was sanctioned Current Financial Year (Apr’22 – Mar’23
between 01 Apr-2016 to
31-Mar-2017. Letter/certificate of actual loan sanctioned
between 1 April 2016 to 31 March 2017
Stamp value of the
property does not exceed
INR 50 Lakhs.

The loan amount does not

exceed INR 35 Lakhs.

The assessee shouldn't

possess any house
property at the time of
purchase.

Limit of the exemption:

Interest of up to 50,000.

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Investment Proof Submission Checklist & Tax-Savings Options

SECTION EXEMPTION CRITERIA Supporting documents required

Interest on Loan taken for Letter / Certificate from the Bank / Financial
80EEA purchase of certain house Institution certifying the following :
propert
Amount of actual interest paid on the loan in the
The loan was sanctioned Current Financial Year (Apr’22 – Mar’23
between 1 April 2019 and
31 March 2022. Letter/certificate of actual loan sanctioned
between 1 April 2019 and 31 March 2022.
Stamp value of the
property does not exceed
INR 50 Lakhs.

The loan amount does not

exceed INR 35 Lakhs.

The assessee shouldn't

possess any house
property at the time of
purchase.

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Investment Proof Submission Checklist & Tax-Savings Options

SECTION EXEMPTION CRITERIA Supporting documents required

80EEB has been introduced, Bank Loan statemen

80EEB allowing a deduction for
interest paid on loans taken The loan should have been taken from a
for purchasing electric financial institution or a non-banking financial
vehicles from the AY 2020-21.
company for buying an electric vehicle
Eligibilit The loan must be sanctioned anytime between 1
April 2019 and 31 March 2023.
A loan taken for the
purchase of an electric
vehicle

The loan should be

sanctioned in the period 01-
Apr-2020 to 31-Mar-2023

Max. limit of exemption: INR

1,50,000.

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Investment Proof Submission Checklist & Tax-Savings Options

SECTION EXEMPTION CRITERIA Supporting documents required

Employees Contribution to New Pension NPS Receipt.

80CCD1B Scheme of Central Govt. [U/s 80CCD1B] -
Additional NPS Contribution (External
Investment)

Employee contribution: 50,000 (Balance, if any,

can be claimed in the 80C limit of 1,50,000)

80G Exemptions for Donations made

Copy of Payment Receipt.
As per the proofs submitted.

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Investment Proof Submission Checklist & Tax-Savings Options

SECTION EXEMPTION CRITERIA Supporting documents required

Interest on housing loan A loan You need to submit a copy of the Provisional
Sec 24 r.w. taken for the construction & Interest certificate from your Bank, which
192 purchase of house property separately mentions the principal amount and
interest payable during the year
Construction should be
completed within five years. Possession Certificate from Builder/Society or
Electricity Bill or Sale deed of the property or
Interest during the five years of
construction can be claimed Municipal tax paid receipt
equally over the next five years,
along with the respective year's No deductions can be claimed for Personal
interest, a maximum of 2,00,000 Loan.

Loan is before 01-Apr-1999:

INR 30,00

Loan is after 01-Apr-1999:

INR 2,00,00

Loan is taken for the repair,

renewal & reconstruction of
the house property: INR
30,000

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Investment Proof Submission Checklist & Tax-Savings Options

SECTION EXEMPTION CRITERIA Supporting documents required

Previous Employment Details

Copy of Income Tax computation sheet received
192(2) from the previous employee.


Employees who have worked in
another company before joining the Note: This data needs to be updated by the
current company within the admin in the Xpayroll platform.
financial year (Apr ’22 – Mar ’23)
and whose date of joining is post
1st April 2023.

Note:

In case, the investments/ proofs are not submitted or are not received in time and TDS will be deducted, this TDS would not
be possible to be refunded by the Company. In such case the only recourse available to the employee would be to claim the
excess deduction from the Income Tax Office, by filing a return. The refund may take a year or more.

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